JPMorgan’s $4.5B RMBS Investors Deal Gets Judge’s Nod

Law360, Los Angeles (August 12, 2016, 10:12 PM EDT) -- A New York state judge on Friday granted approval of a $4.5 billion settlement to resolve institutional investors’ claims that JPMorgan & Chase Co. misled consumers into buying risky residential mortgage-backed securities in the lead-up to the financial crisis in 2007, saying a lone objector’s argument lacked merit.

New York Supreme Court Judge Marcy S. Friedman found that the 2013 deal to resolve claims brought by holders of the securities backed by subprime mortgages that went bust during the financial crisis was negotiated in good faith by the investors’ trustees, which includes Deutsche Bank AG, Bank of New York Mellon Corp....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS